Wheat continues to rise after the earlier breakout of the resistance trendline of the sharp daily down channel from March (which encloses the previous ABC correction (2)).
The breakout of this down channel should accelerate the active medium-term upward impulse wave (3).
Wheat is expected to rise further toward the next resistance level 587.00 (which stopped the two previous sharp upward impulse waves (5) and (1)).
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
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